Untitled - Colombo Stock Exchange

Opening Date : 01 st June 2010
commencing from the date of allotment of
the Debentures and thereafter to be
determined/revised bi-annually at the expiry
of every Six (06) Month period from the date
of allotment of the Debentures on the same
basis. The interest rates so established shall
be notified by BOC to the CSE and the
Trustee prior to the commencement of each
bi-annual period.
Provided that if such Weighted Average Six
(06) Months Government of Sri Lanka
Treasury Bill interest rate has not been
announced at the preceding week of the
interest resetting date for a particular biannual
period, then BOC shall in
consultation with the Trustee calculate the
interest rate applicable for that bi-annual
period based on the Weighted Average Six
(06) Months Treasury Bill interest rate
(before Tax) at the last Primary Auction as
announced/published by the Central Bank of
Sri Lanka before the interest resetting date.
The interest rates so established shall be
notified by BOC to the CSE prior to the
commencement of the particular bi-annual
period.
Interest payments shall fall due bi-annually
at the expiry of every six (06) month period
from the date of allotment of the Debentures.
Closing Date : 18 th June 2010 or such earlier date on which
the initial 30,000,000 Debentures are over
subscribed or the date on which the entire
50,000,000 Debentures are fully subscribed
or such other earlier date in terms of this
prospectus.
Basis of Allotment : In the event of an over subscription the basis
of allotment will be decided by the Board of
Directors of BOC within 7 market days from
the date of closure of the issue.
Minimum Subscription : The minimum subscription per application is
LKR 10,000 or 100 debentures.
Applications in excess of the minimum
Subscription shall be in multiples of Rupees
Ten Thousand (LKR 10,000) or Hundred
(100) Debentures
Date of Maturity : On completion of Five (05) years from the
date of allotment of the Debenture